Cognizant Investor Seeks OK For $5.5M Derivative Case Deal
By Sarah Jarvis
A Cognizant Technology Solutions Corp. shareholder has urged a New Jersey federal court to give its final approval for a $5.5 million deal to settle derivative claims that board members of the technology and consulting services company damaged the company and exposed it to liability by paying bribes in violation of the Foreign Corrupt Practices Act.
Settlement attached |
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POLICY & REGULATION
THIRD CIRCUIT
LITIGATION
Cash Advance Co. Loses Coverage Bid For $1B NYAG Row
By Katryna Perera
Merchant capital advance provider Yellowstone Capital LLC has lost its bid for coverage of costs incurred in a $1 billion settlement with the New York attorney general over claims that it gouged small businesses, as a New Jersey federal judge found Yellowstone's insurance policy excludes coverage for claims of unfair business practices.
Opinion attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
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